So I decided to start following USD/JPY at night. I got my feed from gain and opened up a 30 sec chart. It seems like the volume is really low? I went back 14 days and the biggest vol spike I see within a 30 sec interval is 40. Did I pull up the wrong symbol or something? Something is weird about this chart.
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What did I do wrong in this chart?
- Thread starter jonbig04
- Start date
Whats up jon. Hows the trading going? As far as your question: I believe your adding the interbank market USD/JPY, don't even know how your getting volume as there is no central exchange to report volume with the interbank market. Try adding the 6J 06-09 instrument to get the futures yen which reports volume.
Quote from YoungOne:
Whats up jon. Hows the trading going? As far as your question: I believe your adding the interbank market USD/JPY, don't even know how your getting volume as there is no central exchange to report volume with the interbank market. Try adding the 6J 06-09 instrument to get the futures yen which reports volume.
YO! Whats up man? trading is going fine, still 100% AHG, though its more difficult using only the WIP lol.
Anyways, I am actually trying to watch the FX, not the future. Not sure what the heck I'm doing wrong on this chart lol. Just though it would be good to get a few hours more screentime at night.
As said above there is no volume for forex as there is no central exchange. The volume you see may be indicative of activity. I would believe it's the volume at your broker alone.
Quote from total_keops:
As said above there is no volume for forex as there is no central exchange. The volume you see may be indicative of activity. I would believe it's the volume at your broker alone.
I use eSignal with the Forex add-on - and I get volume on my FX charts......
Not sure how to interpret this volume data,,,,
Thinking of switching to eSignal on demand with a direct feed from my fx broker tho - that might be more accurate
Still trying to learn more about FX -- so much more complicated than stocks IMO
But I feel that the trends are easier to spot than with stocks and ETFs..
Anyone else feel the same way??
I don't know NinjaTrader but usually what you see in a Forex-chart (not Forex Futures) instead of volume is the number of trades (=ticks).Quote from jonbig04:
So I decided to start following USD/JPY at night. I got my feed from gain and opened up a 30 sec chart. It seems like the volume is really low? I went back 14 days and the biggest vol spike I see within a 30 sec interval is 40. Did I pull up the wrong symbol or something? Something is weird about this chart.
Quote from YoungOne:
Whats up jon. Hows the trading going? As far as your question: I believe your adding the interbank market USD/JPY, don't even know how your getting volume as there is no central exchange to report volume with the interbank market. Try adding the 6J 06-09 instrument to get the futures yen which reports volume.
I read official volume does not exist but some people were working on making synthetic volume. In any case, if you google "free forex charts", you see a link there that links you to a web demo of ChartStation by NetDania dot com. They have a volume option there but I don't know how it's determined.